Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ACV Auctions Inc shares valued at $321,155 were sold by Waterman Michael on Oct 01 ’24. At $19.95 per share, Waterman Michael sold 16,098 shares. The insider’s holdings dropped to 348,155 shares worth approximately $6.64 million following the completion of this transaction.
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Also, MICHAEL WATERMAN purchased 22,581 shares, netting a total of over 459,072 in proceeds.
Before that, Peer Andrew had sold 1,795 shares from its account. In a trade valued at $37,695, the VP, Corporate Controller traded ACV Auctions Inc shares for $21.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,795 shares, worth approximately $1.2 million.
Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early June. As of January 10, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for ACVA. Earlier on July 20, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ACVA stock.
Analyzing ACVA Stock Performance
During the last five days, there has been a drop of approximately -8.05%. Over the course of the year, ACV Auctions Inc shares have jumped approximately 25.87%. Shares of the company reached a 52-week high of $21.10 on 09/26/24 and a 52-week low of $12.84 on 02/02/24. A 50-day SMA is recorded $18.65, while a 200-day SMA reached $17.31. Nevertheless, trading volume fell to 1.08 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for ACV Auctions Inc (ACVA)
According to the 24-hour chart, there is a support level at 18.89, which, if violated, would cause prices to drop to 18.71. In the upper region, resistance lies at 19.42. The next price resistance is at 19.77. RSI (Relative Strength Index) is 42.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 99.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
